If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you need to know.

What’s happening with home prices?

You may have seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember these headlines are clickbait. But what headlines aren’t always great at is painting the complete picture.

While home prices are down slightly month-over-month in some markets, it’s also true that home values are up nationally on a year-over-year basis. The graph below uses the latest data from S&P Case-Shiller to help tell the story of what’s happening in the…

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There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising mortgage rates. 

Buying a home in any market is a personal decision, and the best way to make that decision is to educate yourself on the facts, not following sensationalized headlines in the news today.  The reality is, headlines do more to terrify people thinking about buying a home than they do to clarify what’s actually going on with real estate. 

Here are three reasons potential homebuyers should consider…

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The Aaronson Group has listed 7 Oceanfront, Dana Point, Orange County, California, for $12,995,000. (MLS® #OC22240077)

Unveiling One Of Southern California’s Most Opulent Estates Prominently Positioned In The Guard Gated Lower Enclave Of The Strand At Headlands. Experience Modern Coastal Luxury & Breathtaking Ocean, Sunset & Coastline Views From This Stunning Soft Contemporary Residence Newly Constructed in 2018 Featuring 7255 Sq. Ft. Of Living Space Including 5 Bedroom Suites Plus A Bonus Room. The Spectacular Grand Main Level Transitions Through Automated Bi-Fold Doors To The Luxurious Outdoor Living Area With Glistening Pool, Soothing Spa, & Stunning Views Beyond. The Extraordinary Gourmet Kitchen Is Highlighted By Top-Of-The-Line Appliances, 2…

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If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. realtor.com ® explains: 

“. . . While prospective home sellers may lament that they missed their prime window, in reality, this is still a terrific time to sell. In fact, according to a recent realtor.com® home seller survey, 95% of sellers who sold their home in the past year got more than they paid for it. 

Nonetheless, some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible.” 

…

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Prominently Positioned On The 2nd Row In The Highly Desirable Guard Gated Community Of Ritz Cove Offering Panoramic Ocean & Sunset Views. This Dramatic Light & Bright Open Floorplan Features Voluminous Ceilings, Modern Lines, & Expansive Living Spaces Integrating The Outdoor Living Environment With Ocean Views Beyond. Sophisticated In Design With Exquisite Marble Flooring & Designer Touches Complemented By A Sought-After Main Floor Primary Suite Featuring A Spa-Like Bath and 3 Additional Spacious Bedrooms Up A Short Flight Of Stairs. The Highly Upgraded Chef’s Caliber Kitchen Boasts An Oversized Island & Breakfast Bar, Nook Area, & Al Fresco Patio Dining Through Sliding Doors. Additional Highlights Include A Bonus/Game/Potential Theatre Room, New…

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This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for consumers. And, this month, the average rate for financing a home briefly rose over 7% before coming back down into the high 6% range. But we’re starting to see a hint of what mortgage interest rates could look like next year. 

Inflation Is the Enemy of Long-Term Interest Rates 

As long as inflation is high, we’ll see higher mortgage rates. Over the past couple of weeks, we’ve seen indications that…

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 There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house. Here are three of the top questions you may be asking – and the data that helps answer them – so you can make a confident decision. 

1. Should I wait to sell? 

Even though the supply of homes for sale has increased in 2022, inventory is still low overall. That means it’s still a sellers’ market. The graph below helps put the inventory growth into perspective. Using data from the national association of realtors (NAR), it shows just how far off we are from flipping to a buyers’ market: 

While buyers have regained some negotiation power as…

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Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: 

“. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historically high levels of home equity, so there likely won’t be a surge in foreclosures.” 

Data from the Mortgage Bankers Association (MBA) helps tell this story. It shows the overall percentage of homeowners at risk is decreasing significantly with time (see graph below): 

But even though the volume of homeowners at risk is very low, there is still a small percentage of…

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Boardwalk Townhome end unit. View of Hills! Meticulously maintained tri-level home with a flex-space on the first floor with its own bathroom and storage cabinets. 4 bedrooms, 3.5 bathrooms. Open concept living room with private balcony with upgraded deck flooring. Bright kitchen w/ island, stainless steel appliances, 5 burner stove and white cabinets w/ new hardware. Upgraded new luxury vinyl plank flooring, laundry room with storage. Upgraded all new bathrooms with quartz counters new vanity, hardware, & mirror. Lit staircase. Master suite with an en-suite, large shower & walk-in closet w/ organizers. 2 car attached garage with storage shelves. Whole house CAT 6 Internet. Tankless water heater. Solar blinds. Nest thermostat. Located near the 91 & 15…

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